S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
NASDAQ:PENN

Penn National Gaming (PENN) Stock Forecast, Price & News

$34.15
-0.99 (-2.82%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$33.32
$34.79
50-Day Range
$26.91
$36.59
52-Week Range
$26.46
$86.40
Volume
4.01 million shs
Average Volume
2.93 million shs
Market Capitalization
$5.70 billion
P/E Ratio
27.99
Dividend Yield
N/A
Price Target
$64.15

Penn National Gaming MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
87.8% Upside
$64.15 Price Target
Short Interest
Healthy
5.66% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.19mentions of Penn National Gaming in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.12%
From $1.68 to $2.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Consumer Discretionary Sector

34th out of 365 stocks

Hotels & Motels Industry

4th out of 30 stocks

Penn National Gaming logo

About Penn National Gaming (NASDAQ:PENN) Stock

Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals. It operates through five segments: Northeast, South, West, Midwest, Interactive. The company offers casino gaming, online gaming, live racing, sports betting, and digital sports content. As of December 31, 2021, the company owned, managed, or had ownership interests in 44 gaming and racing properties in 20 states. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Tropicana Las Vegas, L'Auberge, M Resort, and My Choice. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

Analyst Ratings Changes

Several research firms recently commented on PENN. Barclays raised their price target on shares of Penn National Gaming from $37.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday. Truist Financial reduced their price target on shares of Penn National Gaming from $60.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, July 20th. Morgan Stanley raised shares of Penn National Gaming from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $55.00 to $51.00 in a research note on Monday, April 25th. JMP Securities started coverage on shares of Penn National Gaming in a research note on Tuesday, June 28th. They issued an "outperform" rating and a $52.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of Penn National Gaming from a "hold" rating to a "buy" rating and set a $49.00 target price on the stock in a report on Wednesday, May 18th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $64.15.

Penn National Gaming Stock Performance

Shares of Penn National Gaming stock traded down $0.99 during midday trading on Friday, hitting $34.15. The company had a trading volume of 4,013,259 shares, compared to its average volume of 2,934,546. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.57 and a beta of 2.23. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 3.22. The company has a fifty day simple moving average of $31.90 and a 200 day simple moving average of $37.82. Penn National Gaming has a 12-month low of $26.46 and a 12-month high of $86.40.

Penn National Gaming (NASDAQ:PENN - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.35). The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.60 billion. Penn National Gaming had a net margin of 3.33% and a return on equity of 5.67%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. As a group, analysts predict that Penn National Gaming will post 1.68 earnings per share for the current fiscal year.

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PENN Stock News Headlines

Read How Penn National Gaming Fared In Q2
Recap: Penn National Gaming Q2 Earnings
Penn National Gaming (PENN) Q2 Earnings Lag Estimates
Penn National Gaming (NASDAQ:PENN) PT Lowered to $48.00
Expert Ratings for Penn National Gaming
1st Wahlburgers in Columbus opens
See More Headlines

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PENN Company Calendar

Last Earnings
8/04/2022
Today
8/07/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:PENN
CUSIP
70756910
Employees
21,973
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$64.15
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+87.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
18 Analysts

Profitability

Net Income
$420.80 million
Pretax Margin
5.70%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.65 per share
Book Value
$24.02 per share

Miscellaneous

Free Float
163,784,000
Market Cap
$5.70 billion
Optionable
Optionable
Beta
2.23

Social Links


Key Executives














PENN Stock - Frequently Asked Questions

Should I buy or sell Penn National Gaming stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Penn National Gaming stock.
View analyst ratings for Penn National Gaming
or view top-rated stocks.

What is Penn National Gaming's stock price forecast for 2022?

18 brokers have issued twelve-month price targets for Penn National Gaming's shares. Their PENN stock forecasts range from $38.00 to $115.00. On average, they anticipate Penn National Gaming's stock price to reach $64.15 in the next twelve months. This suggests a possible upside of 87.8% from the stock's current price.
View analysts' price targets for Penn National Gaming
or view top-rated stocks among Wall Street analysts.

How has Penn National Gaming's stock price performed in 2022?

Penn National Gaming's stock was trading at $51.85 at the beginning of 2022. Since then, PENN shares have decreased by 34.1% and is now trading at $34.15.
View the best growth stocks for 2022 here
.

Are investors shorting Penn National Gaming?

Penn National Gaming saw a drop in short interest in July. As of July 15th, there was short interest totaling 9,440,000 shares, a drop of 22.4% from the June 30th total of 12,160,000 shares. Based on an average daily trading volume, of 4,140,000 shares, the days-to-cover ratio is presently 2.3 days.
View Penn National Gaming's Short Interest
.

When is Penn National Gaming's next earnings date?

Penn National Gaming is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Penn National Gaming
.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc. (NASDAQ:PENN) released its quarterly earnings data on Thursday, August, 4th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.35. The company earned $1.63 billion during the quarter, compared to analysts' expectations of $1.60 billion. Penn National Gaming had a trailing twelve-month return on equity of 5.67% and a net margin of 3.33%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share.
Read Penn National Gaming's conference call transcript
.

How will Penn National Gaming's stock buyback program work?

Penn National Gaming declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 3rd 2022, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

What guidance has Penn National Gaming issued on next quarter's earnings?

Penn National Gaming issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.15 billion-$6.55 billion, compared to the consensus revenue estimate of $6.36 billion.

What is Jay Snowden's approval rating as Penn National Gaming's CEO?

30 employees have rated Penn National Gaming CEO Jay Snowden on Glassdoor.com. Jay Snowden has an approval rating of 87% among Penn National Gaming's employees.

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), Walt Disney (DIS), Block (SQ), Boeing (BA), Netflix (NFLX) and PayPal (PYPL).

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank of Nova Scotia (1.30%), National Bank of Canada FI (0.29%), Jennison Associates LLC (0.19%), Matthew 25 Management Corp (0.13%), Exchange Traded Concepts LLC (0.12%) and State Board of Administration of Florida Retirement System (0.12%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Peter M Carlino and Saul Reibstein.
View institutional ownership trends for Penn National Gaming
.

How do I buy shares of Penn National Gaming?

Shares of PENN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $34.15.

How much money does Penn National Gaming make?

Penn National Gaming (NASDAQ:PENN) has a market capitalization of $5.70 billion and generates $5.91 billion in revenue each year. The company earns $420.80 million in net income (profit) each year or $1.22 on an earnings per share basis.

How many employees does Penn National Gaming have?

Penn National Gaming employs 21,973 workers across the globe.

Does Penn National Gaming have any subsidiaries?

The following companies are subsidiares of Penn National Gaming: Abradoodle LLC, Absolute Games, Absolute Games LLC, Alton Casino LLC, Ameristar Casino Black Hawk LLC, Ameristar Casino Council Bluffs LLC, Ameristar Casino East Chicago LLC, Ameristar East Chicago Holdings LLC, Ameristar Interactive LLC, Ameristar Lake Charles Holdings LLC, Argosy Development LLC, Argosy Gaming Company, BCV (Intermediate) LLC, BSLO LLC, BTN LLC, Boomtown Biloxi Interactive LLC, Boomtown Casino Biloxi, Boomtown LLC, Bossier Casino Venture LLC, Bullwhackers Casino, CCR Pennsylvania Food Services Inc, CCR Racing Management, CHC Casinos Canada Limited, CHC Casinos Corp., CRC Holdings, CRC Holdings Inc., Cactus Pete’s LLC, Casino Magic Bay St. Louis, Casino Magic LLC, Casino Rama Services Inc., Central Ohio Gaming Ventures LLC, Dayton Real Estate Ventures LLC, Delvest LLC, Development Ventures LLC, Double Bogey LLC, First Jackpot Interactive LLC, Gaming Jet Services LLC, Greektown Casino-Hotel, HC Aurora LLC, HC Bangor LLC, HC Joliet LLC, HWCC-Tunica LLC, Hollywood Casino Corp, Hollywood Casinos LLC, Hostile Grape Development LLC, Houston Gaming Ventures Inc., Illinois Gaming Investors LLC, Indiana Gaming Company LLC, Kansas Entertainment LLC, LVGV LLC, Louisiana Casino Cruises, Louisiana-I Gaming a Louisiana Partnership in Commendam, L’Auberge Interactive LLC, Magnum Pinnacle Interactive LLC, Margaritaville Resort Casino, Marquee by Penn LLC, Maryland Gaming Ventures Inc., Massachusetts Gaming Ventures LLC, Mountain Laurel Racing Inc, Mountainview Thoroughbred Racing Association LLC, PHK Staffing LLC, PM Texas LLC, PNGI Charles Town Gaming LLC, PNK (BOSSIER CITY) L.L.C., PNK (Baton Rouge) Partnership, PNK (LAKE CHARLES) L.L.C., PNK (River City) LLC, PNK (SA) LLC, PNK (SAM) LLC, PNK (SAZ) LLC, PNK Development 33 LLC, PNK Development 7 LLC, PNK Development 8 LLC, PNK Development 9 LLC, PNK Vicksburg LLC, Penn ADW LLC, Penn Hollywood Kansas Inc., Penn Interactive Ventures LLC, Penn NJ OTW LLC, Penn National GSFR LLC, Penn National Holdings LLC, Penn National Turf Club LLC, Penn Online Entertainment LLC, Penn Sanford LLC, Penn Sports Interactive LLC, Penn Tenant II LLC, Penn Tenant III LLC, Penn Tenant LLC, Pennwood Racing Inc., Pinnacle Entertainment, Pinnacle Entertainment Inc., Pinnacle MLS LLC, Pinnacle Retama Partners LLC, Plainville Gaming and Redevelopment LLC, Prairie State Gaming, RIH Acquisitions MS I LLC, RIH Acquisitions MS II LLC, Rocket Games, Rocket Speed Inc., SDGV Staffing LLC, SOKC LLC, San Diego Gaming Ventures LLC, Silver Screen Gaming LLC, St. Louis Gaming Ventures LLC, The Missouri Gaming Company LLC, The Shops at Tropicana Las Vegas LLC, Toledo Gaming Ventures LLC, Tropicana Las Vegas Hotel and Casino, Tropicana Las Vegas Hotel and Casino Inc., Tropicana Las Vegas Inc., Tropicana Las Vegas Intermediate Holdings Inc., Villaggio Development LLC, Washington Trotting Association LLC, Yankton Investments LLC, Youngstown Real Estate Ventures LLC, Zia Park Casino Hotel & Racetrack, Zia Park Interactive LLC, Zia Park LLC, and eBetUSA.com Inc..
Read More

When was Penn National Gaming founded?

Penn National Gaming was founded in 1972.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The official website for Penn National Gaming is www.pngaming.com. The company can be reached via phone at (610) 373-2400, via email at penn@jcir.com, or via fax at 610-373-4966.

This page (NASDAQ:PENN) was last updated on 8/7/2022 by MarketBeat.com Staff

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